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Hoeness to step down as Bayern president

Bayern Munich president Uli Hoeness gives a speech during the annual general meeting in Munich. File photo/AFP

Uli Hoeness is set to step down as president of Bundesliga giants Bayern Munich with reports on Wednesday saying he will not stand for re-election in November.

According to Germany's top-selling daily Bild and other media outlets, the 67-year-old will also quit as head of the club's supervisory board following its annual general meeting this autumn.

He is set to walk away after 40 years in charge of Bayern and reportedly has former Adidas boss Herbert Hainer, his deputy on the club's board, in mind as successor.

Hoeness joined Bayern as a player in 1970, retiring nine years later to become the club's general manager and has overseen its fortunes ever since -- apart from two years in jail for tax evasion, from June 2014 to February 2016.

"I once said, 'It's not over yet!', but the day is not far off when I say 'That was it.'